| 000 -LEADER |
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| fixed length control field |
01511nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
210720b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Gupta, M.S. and Singh, J.B. |
| 245 ## - TITLE STATEMENT |
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| Title |
Insolvency and bankruptcy code (IBC) in India: Impact on recovery of NPSs by banks |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
Bihar Journal of Public Administration |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
17(2), Jul-Dec, 2020: p.605-613 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
The Insolvency and Bankruptcy Code (May 2016) is a game changer in the resolution of non-performing assets (NPAs)of banks in India because it provides a framework for time-bound insolvency resolution with the objective of promoting entrepreneurship and availability of credit while balancing the interests of all stakeholders. There is a paradigm shift under IBC in which creditors take control of the assets of the defaulting debtors, in contrast to the earlier system in which assets remained in the possession of debtors till resolution or liquidation. The experience so far has been encouraging with IBC regime. India’s insolvency resolution score and recovery rate also improved in the World Bank’s Ease of Doing Business Index, after the introduction of IBC. Strengthening the infrastructure of insolvency resolution should help reduce the overall time currently being taken for resolution under the IBC. JEL Classification: G00, G33. – Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Bankruptcy, Insolvency, Liquidation. |
| 9 (RLIN) |
25472 |
| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
Bihar Journal of Public Administration |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
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| Subject DIP |
BANKRUPTCY - INDIA |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Item type |
Articles |
